Asia – Page 77
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News
SHANGHAI OPERATORS MERGE
This project is being financed by Vikram Integrated Logistics Private Limited, which has so far spent €1.73m on developing what will eventually be a €3.46m scheme.Shanghai International Port is to merge with Shanghai Port Container Company, which will make Shanghai International one of the largest publicly traded companies in China.
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Sinotrans boosts investment in Chinese river terminals
Chinese feeder and river terminal operator, Sinotrans is to spend ?200m on upgrading river ports and logistics facilities in the Pearl River Delta. The company has stated that manufacturers are moving steadily westwards into central China in search of cheaper labour and electricity costs, thereby increasing the need for additional ...
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NewsAlternative to Chinese medicine
It is easy to be lured by the headline figures emanating from China, but should investors be turning to Southeast Asia to reap rewards? Peter Trevalyn investigates
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NewsSingapore vs Hong Kong: the same old story?
Age old competition continues to drive Singapore to new heights, but Malaysian up-starts could put a spanner in the works, reports Peter Trevalyn
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DP WORLD EYES GWADAR
DP World is negotiating the possibility of assuming operational management of Pakistan''s Gwadar port.
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NewsChinese container clusters planned
The Chinese Communications Minister Li Shenglin has revealed the government has a policy aimed at creating two new port ''clusters'' to add to the three existing ones centred on Shanghai, Shenzhen and Tianjin.
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NewsFeeder surcharge at Chittagong
Feeder vessel operators are threatening to slap a $130 surcharge on each TEU that they have to handle at the port of Chittagong unless congestion there decreases within the next month. At present, feeder lines such as QC Container, HRC Shipping, Orient Express, Advanced Container and Sea Consortium charge $300 ...
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SHIPPER ACTION
APM Terminals, CMA-CGM, DP World, ETA, ICTS, Gammon Infrastructure, IL&FS, GVK, Soma Enterprises and Concor are all interested in bidding. Indian shippers are hoping to employ new draft legislation, the Shipping and Trade Practices Act, to stop the current practice of lines collecting terminal handling charges.
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DP World to invest $450m in Kochi
DP World is expected to issue a tender for the design of a $450m container terminal in the Indian port of Kochi, which is located in the southern state of Kerala.
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NewsMumbai saga rolls on
The bid process for the Mumbai offshore container terminal continues to be extended much to the irritation of the port trust and a number of the bidders.
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IPA COMMUNITY SYSTEM
The Indian Ports Association is backing the development of a centralised Web-based Port Community System.
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COLOMBO BREAKS RECORD
In March this year, the Sri Lankan port of Colombo posted a new monthly record of 245,024TEU handled.
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NewsPICT boosting capacity
The Phase 2 development of Karachi''s Pakistan International Container Terminal (PICT) is due for completion by the end of June.
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NewsIndia earmarks $10bn of investment
In the next six years, India plans to invest $10 billion in upgrading port facilities to meet the demands of its growing economy. The country''s 12 largest ports, which account for 75% of all trade, will source much of the investment abroad.
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Gwadar seaport to open in June
Work has already begun on the $24 million third phase programme; phase one cost $30 million and phase two $17 million.Pakistan has revealed that its new Gwadar deep seaport should become operational in June. There are already in place facilities for handling containers, general cargo and dry bulk. The port, ...
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News
PSA BOND ISSUE
Part of the Port of Singapore Authority''s recent purchase of a stake in Hutchison Ports (see International Terminal Operator story this issue) is to be financed by an offshore bond.
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NewsIndian ports struggle to keep up
Remarkable growth in container trade has focused minds on the need for massive investment in the region''s ports. Nick Elliott reports.
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NewsPRIVATISED CARGO HANDLING AT KPT
Karachi Port Trust: a step towards privatisationAs readers of PS will have noticed, South Asian port development projects - India in particular - almost warrant their own news department in the magazine. Nevertheless, berth congestion appears to be on the increase at major ports throughout India. For the nine months ...
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NewsKANDLA ACCELERATES EXPANSION
Kandla is speeding up its € 946m expansion programme in an attempt to boost cargo handling capacity by 32.4m tonnes over the next five years which will give it a total capacity of 73.6m tonnes. This will require the construction of new berths, the development of a satellite port at ...
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News
MULTI-PURPOSE BERTHS FOR CALCUTTA..
As readers of PS will have noticed, South Asian port development projects - India in particular - almost warrant their own news department in the magazine. Nevertheless, berth congestion appears to be on the increase at major ports throughout India. For the nine months ending December 2005, the average vessel ...
